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Comparative Analysis of Strategies for Innovative Development of the Fuel and Energy Complex: The Experience of the EU Countries

Author

Listed:
  • Makpal Zholamanova

    (Department of Finance, Gumilyov Eurasian National University, Satbaeva St. 2, Nur-Sultan 010000, Kazakhstan,)

  • Nurbakhyt Nurmukhametov

    (Department of Economics, NAO S. Seifullin Kazakh Agrotechnical University, Ave. Zhenis 62, Nur-Sultan 010005, Kazakhstan,)

  • Mikhail Tolmachev

    (Department of Business Analysis, Financial University under the Government of the Russian Federation, 49 Leningradsky Prospekt, 125993, Moscow, Russian Federation,)

  • Kassymkhan Sarsen

    (Department of Economic, L.N. Gumilyov Eurasian National University, Kazakhstan,)

  • Altyn Amerkhanova

    (Department of Management NJSC, L.N. Gumilyov Eurasian National University, 000005, Kaymakam Street, 11, Nur-Sultan, Republic of Kazakhstan.)

Abstract

Most European countries do not have large reserves of natural resources and depend on imported energy resources. In this regard, the government of the European Union has approved a new energy policy aimed at developing a green economy and combating dependence on non-renewable resources. Currently, the European Union is a leader in the development of renewable energy sources. Many states have achieved success in this industry, their experience can be used in other countries where alternative energy is not so widespread. This study analyzes and compares existing strategies for the innovative development of the fuel and energy complex of EU member states. The process of formation of the EU energy policy and its distinctive features were studied. The example of Italy, Germany, Poland, Spain, and Finland was used to study in detail the impact of the new energy policy approved by the EU government. The prospects for the introduction of alternative energy sources in the geographical and climatic conditions of Kazakhstan have been assessed. Synthesizing the information obtained, a list of tips for the successful development of alternative energy in the Republic of Kazakhstan was proposed.

Suggested Citation

  • Makpal Zholamanova & Nurbakhyt Nurmukhametov & Mikhail Tolmachev & Kassymkhan Sarsen & Altyn Amerkhanova, 2023. "Comparative Analysis of Strategies for Innovative Development of the Fuel and Energy Complex: The Experience of the EU Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 128-134, January.
    • Handle: RePEc:eco:journ2:2023-01-17
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    1. Aigul Kurmanalina & Meiramkul Saiymova & Botakoz Bolatova & Aizhan Orynbassarova & Marija Troyanskaya & Gulmira Yerkulova & Gaukhar Saimagambetova, 2024. "Evaluating the Impact of Renewable Energy Policy Instruments on Capacity Expansion: Insights from the Visegrad Group Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(2), pages 59-68, March.

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    More about this item

    Keywords

    European Union; Kazakhstan; green economy; fuel and energy complex; renewable energy; natural resources;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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